Every nation is in the rat race to become the nation with the fastest growth rate. This growth rate is defined by the acceleration of growth of the different industries in the country. Irrespective whether the country is under-developed, developing or developed; everyone is adopting newer methods to make their firms top the list of the fast-growing firms in the world.
The IBTIMES.com has done the grading of the country on the basis of the number of firms that have shown excellent growth rate in the last year. India topping this list is certainly a matter of pride. India has 242 fastest-growing companies and its current GDP is $1.85trillion. This is a record-breaking number considering that India still forms a place amongst the developing countries of the world. Indian companies make up nearly a quarter of the total number of companies on the list
The United States of America is a close second having 176 fast-growing companies but GDP of smashing $15.09 trillion. The country at the third place in the list is Taiwan. Taiwan is then followed by China, South Korea, Malaysia, Canada, Honk Kong, UK, Australia, Thailand, Singapore, Pakistan, Germany, Argentina, France, Qatar, Sweden, Oman and Turkey.
The GDP of these nations may vary drastically but they have managed to convert a large number of their firms into a fast-growing firm.
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